Vnet (VNET) FCF Margin (2014 - 2025)
Vnet (VNET) reported FCF Margin of 87.69% for Q4 2025, down 424.0% on a YoY basis from 27.06% in Q4 2024, and down 23.98% sequentially from 115.36% in Q3 2025.
Vnet (VNET) FCF Margin (2014 - 2025) Analysis & Trends
Vnet (VNET) has 12 years of FCF Margin data on file, last reported at 87.69% in Q4 2025.
- For the quarter ending Q4 2025, FCF Margin fell 424.0% year-over-year to 87.69%; the trailing twelve-month figure through Dec 2025 stood at 96.08% (up 1204.0% YoY), and the FY2025 full-year result was 56.12%, down 2022.0% from the prior year.
- FCF Margin eased to 87.69% in Q4 2025, from 115.36% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 115.36% in Q3 2025 to a low of 44.92% in Q2 2023.
- A 5-year average of 78.24% and a median of 81.66% in 2022 frame the typical range for FCF Margin.
- Peak annual rise in FCF Margin reached 12790 bps in 2021, while the deepest fall reached 1913254 bps in 2021.
- Tracing VNET's FCF Margin over 5 years: stood at 91.65% in 2021, then fell by 15 bps to 78.06% in 2022, then rose by 18 bps to 92.08% in 2023, then dropped by 0 bps to 91.93% in 2024, then decreased by 5 bps to 87.69% in 2025.
- Business Quant data shows VNET's FCF Margin at 87.69% in Q4 2025, 115.36% in Q3 2025, and 91.89% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 13.80% |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 19.23% |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | 36.02% |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | - |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | 0.76% |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | 20.12% |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | 3.66% |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | 1.38% |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | 15.00% |
| 10 | Vnet | 12.53 Bn | 12.66 Bn | 77.27 Mn | 87.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 87.69% |
| Sep 30, 2025 | 115.36% |
| Jun 30, 2025 | 91.89% |
| Mar 31, 2025 | 88.49% |
| Dec 31, 2024 | 91.93% |
| Sep 30, 2024 | 103.13% |
| Jun 30, 2024 | 70.40% |
| Mar 31, 2024 | 67.06% |
| Dec 31, 2023 | 92.08% |
| Sep 30, 2023 | 74.24% |
| Jun 30, 2023 | 44.92% |
| Mar 31, 2023 | 59.13% |
| Dec 31, 2022 | 78.06% |
| Sep 30, 2022 | 64.54% |
| Jun 30, 2022 | 85.26% |
| Mar 31, 2022 | 90.45% |
| Dec 31, 2021 | 91.65% |
| Sep 30, 2021 | 50.32% |
| Jun 30, 2021 | 49.76% |
| Mar 31, 2021 | 68.49% |